our grandparents would like to establish a trust fund that will pay you and your heirs $230,000 per year forever with the first payment 10 years from today. If the trust fund earns an annual return of 4.5 percent, how much must your grandparents deposit today?

Multiple Choice

• $5,111,111.11

• $4,259,259.26

• $3,149,460.22

• $3,439,289.30

• $4,717,948.72